PRM Consulting
CHOICE

Employee Benefits

Innovative solutions make work and life better for everyone.

PRM provides a comprehensive array of health & welfare benefit consulting services in the general areas of design, finance, communications, administration, monitoring and control, and vendor management.

Strategy Development & Plan Design

  • Strategic planning, cost management and collective bargaining

  • Aligning benefit plans and policies with human resource and business objectives

  • Health & welfare consulting, including flexible benefit plan development, integrated disability management, paid time-off, renewal rate analysis for self-funded plans, compliance, nondiscrimination testing, and reporting and disclosure

  • Claims payment auditing and analysis

Benefit Plan Evaluation & Management

  • Vendor selection

  • Network access analysis including specialty networks

  • Health plan report cards

  • Vendor implementation and renewal, including renewal negotiations

  • Ongoing plan management, including contract administration, periodic reporting, on-site reviews, and performance standards and guarantees

Financial Analysis

  • Experience monitoring

  • Vendor renewals

  • Reserving, accruals, and rate and contribution setting

  • Actuarial measurement and forecasting, including retiree health & welfare benefit obligations and financial modeling guarantees